Carolina Theatre of Durham, Inc., the nonprofit that operates the historic venue in downtown Durham, has entirely erased an estimated $1.7 million net deficit. Carolina Theatre of Durham, Inc. reported an accumulated net surplus of nearly $200,000 at a meeting of its Board of Trustees on July 25. The financial report, which is preliminary and unaudited, includes operations through June 30, 2017, the end of the organization’s fiscal year.

Entrepreneur Steve Case & Revolution Ventures will award one Triangle-based startup a $100,000 investment prize when the Rise of the Rest Road Trip comes to the Carolina Theatre of Durham on Tuesday, May 5.

Entrepreneur Steve Case & Revolution Ventures will award one Triangle-based startup a $100,000 investment prize when the Rise of the Rest Road Trip comes to the Carolina Theatre of Durham on Tuesday, May 5.

The Carolina Theatre of Durham Inc. recorded its second straight financial surplus in Fiscal Year 2013-14.

For the second consecutive year, Carolina Theatre of Durham, Inc. recorded a financial surplus, according to audited financial statements presented to the Board of Trustees today. On the strength of record activity levels, the nonprofit recorded a surplus of $41,226 in Fiscal Year 2014, which ended June 30. See the Carolina Theatre's Annual Report.